Vancouver, West Vancouver and North Vancouver
condos and townhomes for sale.
Are you looking to buy or sell your Vancouver Condo, Penthouse or Townhome? Contact area specialist & Certified Luxury Homes Marketing member Holly Wood 604-561-9699
Vancouver condo trends
Based on the economic forecasts, curent trends and my best guess, I expect to see our market stabalize in 2014 with supply continuing to fall relative to the past couple of years and sales continue to pick up. It is the Year of the horse so things are expected to move fast.
The media talk of a housing bubble may be real but not for us, we've already had our correction over the past few years while other markets, particularly high end Vancouver and many areas outside of B.C have continued to experience rising prices. While prices down, interest rates still low, a decent selection and a stabalizing market that has declined for a few years, now is an excellent time to buy for the long term investor.
-1. This may be a good time to buy your new Vancouver condo if you are looking to buy only or looking to move up substantially.
-2. If you are moving sideways in price, the state of the market is immaterial. Now is as good a time as any. Vancouver is always a top choice for out of country investors and is always in the top 3 of places to live in the world!
-3. If you intend to sell only or to scale down substantially, now is the best time depending on your economic expectations for the immediate future.
Government reduces tax burden on first time buyers. Effective February 19, 2014 under the Property Transfer Tax (PPT) First Time Home Buyers Exemption program, qualifying first time buyers can buy a home worth up to $475,000. The previous threshold was $425,000. The partial exemption continues and will apply to homes valued between $475,000 and $500,000.
February 2015 Vancouver Real Estate Board Stats
The MLS home Price Index composite benchmark price for all residential properties in Metro Vancouver currently sits at $649,700. This represents a 6.4% increase compared to February 2014. Click on Market trends for the complete most recent real estate update by the REBGV.
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Looking for a new and newer Vancouver condo?
Alexandra in English Bay has just completed. Please contact me as I have several STUNNING, South West EXPOSURE, Sub Penthouse, 2 bedroom 2 bathroom condos with SPECTACULAR, absolutely stunning FOREVER VIEWS available for purchase now. Bidwell and Davie Street just steps away from the English Bay waterfront. Wrap around patios and PRIME Fireworks Vistas. Call me for your exclusive showing at this premier development. Nothing new in English Bay in years!
Contact me if you like to receive further information about new and newer properties.
As a leading Vancouver Realtor, I am a Vancouver condo, Penthouse and townhome specialist. I have been successfully selling real estate since 2005. I am also a Certified Luxury Homes Marketing Member who specializes in luxury view and waterfront properties. I have worked with many non resident Buyers and Sellers as well as local clients.
Are you looking for Superior results? Contact me and take the first step to achieving your goal.
Holly Wood cell: 604-561-9699
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